Environment Glossary

environmental accounting aggregate. It is obtained by subtracting the costs of natural resource depletion and environmental degradation from net domestic product (NDP). Contributions to NDP and EDP by production sectors are termed value added (VA) and Environmentally-adjusted Value Added (EVA), respectively. EDP I, accounting for natural resource depletion only, can be distinguished from EDP II, accounting for both depletion and environmental degradation.